SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) goes from the ascending trendline down.
A descending movement down to the next support line at 149.450000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 159.990000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 148.565 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 159.990000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 167.460000000 |
| Next High | 159.990000000 |
| Current Price | 153.990000000 |
| Next Low | 149.450000000 |
| 2nd Low | 137.140000000 |
| 3rd Low | 130.680000000 |
159.990000000 – 154.770000000 – 148.000000000 – 149.450000000 – 137.140000000 – 142.250000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows –